News
“A strategic move”
25-10-2023
In early 2023, international business consulting firm Maycode opened its EU office in Luxembourg. The choice of location was natural as the financial industry is one of its main target markets, but the company also considers the central location and exceptional international openness of the Grand Duchy as strategic assets for its future development.
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Luxembourg Venture Days 2023 a success
20-10-2023
The first edition of the Luxembourg Venture Days attracted no less than 450 participants from the Grand Duchy and abroad who are passionate about Luxembourg’s dynamic start-up ecosystem. Entrepreneurs, investors and support players could network, attend panels and workshops, listen to pitches and be the first to discover the lucky start-ups selected for the 14th edition of acceleration programme Fit 4 Start.
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20 start-ups selected for the Fit 4 Start programme
20-10-2023
The names of the 20 start-ups selected for participation in the 14th edition of the Fit 4 Start acceleration programme were officially unveiled at the Luxembourg Venture Days 2023. This flagship event of the ecosystem was organised from 17 to 19 October 2023 by Luxinnovation and its partners.
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US startup Lyten to establish European headquarters in Luxembourg
12-10-2023
Silicon Valley startup Lyten signed a memorandum of understanding to establish its European headquarters in Luxembourg during the annual Automotive Day event.
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Connecting with strategic partners
11-10-2023
International companies interested in exploring Luxembourg as a potential European location can count on the support of the Luxembourg Trade and Investment Offices (LTIOs). We spoke to Paul Steinmetz, Executive Director of LTIO New York, about what attracts US companies to Luxembourg and business synergies between the two countries.
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Luxembourg and Korean SK Telecom to exchange on quantum expertise
05-10-2023
The Luxembourg government has signed a memorandum of understanding with South Korean quantum technologies leader SKT aimed at cooperation in the field of quantum technologies.
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Enjoy the wine festivals along Luxembourg’s scenic Moselle valley
04-10-2023
Wine festivals along the Luxembourg Moselle River are a popular and delightful way to experience the region's rich wine culture.
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Luxembourg’s population is one of the youngest in the entire EU
02-10-2023
According to the EU’s statistics agency Eurostat, the average age is under 40 surpassed only by Cyprus and Ireland.
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Serveto expands its European presence with new subsidiary in Luxembourg
28-09-2023
Earlier this year, Serveto incorporated a subsidiary in Luxembourg. With almost 70 years of expertise in providing versatile logistics solutions across Europe, it now also prides itself in being the first Spanish transporter to acquire and register trucks in the Grand Duchy.
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Executive Director's Blog
28-09-2023
The Luxembourg Trade and Investment Office (LTIO) for the Gulf in Abu Dhabi is thrilled to share with you the latest developments in Luxembourg's thriving business landscape, highlighting its position as an ideal hub for UAE-based companies aiming to expand their operations in Europe. Luxembourg, often referred to as the "business heart of Europe," continues to exceed expectations and offers unparalleled opportunities for growth and innovation.
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EU innovation performance continues to improve
26-09-2023
In the 2023 edition of the EU’s Innovation Scoreboard, Luxembourg maintains its position as a strong innovator performing above the EU average with a score of 117.2% and with a 1% improvement compared to 2022. The country is placed in the category of strong innovators.
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Luxembourg among the world's top 20 most liveable cities
25-09-2023
In the 2023 edition of the Global Liveability Index of the most liveable cities, Luxembourg came out 19th worldwide and 8th within the European cities cited.
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ESRIC Start-up Support Programme welcomes the five new ventures
19-09-2023
Launched in 2021, the Luxembourg-based Start-up Support Programme is the first worldwide incubation programme, entirely dedicated to the field of space resources utilisation.
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“Luxembourg exceeds my expectations”
12-09-2023
Korean start-up Posture AI addresses a common health problem: backpain. After developing its artificial intelligence solution using smart posture devices from its base in South Korea, the company has now chosen Luxembourg as its base for targeting the European market and moving forward with the data dimension of its products and services.
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New law introduced in Luxembourg to facilitate the hiring of skilled labour
05-09-2023
The new law simplifies the hiring of non-EU nationals and grants family members of third-country nationals holding a residence permit access to the labour market as soon as they arrive in Luxembourg.
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Executive Director's blog
31-08-2023
We are delighted to present a new edition of our newsletter, highlighting the latest economic developments in Luxembourg. Moreover, in the run-up to the United Nations Climate Change Conference, COP28, hosted by the UAE from 30 November to 12 December, the introductions of this and the next newsletters will focus on this mega event.
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"Supporting the development of the start-up ecosystem in Luxembourg"
24-08-2023
Minister of the Economy, Franz Fayot, discusses the recent startup roadmap “From Seed to Scale” designed to support the ecosystem's continuous expansion as it navigates a new phase of maturity.
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Inflation in Luxembourg continues to rank among the EU’s lowest
22-08-2023
Luxembourg recorded the second lowest annual inflation rate in the EU, according to the latest July figures shared by the statistical office of the European Union, Eurostat.
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Schueberfouer: Luxembourg’s biggest funfair and unique cultural experience
17-08-2023
Schueberfouer, the biggest funfair in Luxembourg and the surrounding Greater Region, attracts millions of visitors from near and distant corners of Europe and the world annually. The history of this spotlight event is as intriguing as its unique cultural offering in Europe.
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CO2 emissions drop by -12% in Luxembourg: second best record in the EU
03-08-2023
Eurostat’s latest estimates indicate that in 2022, the EU collectively achieved a 2.8% decrease in CO2 emissions from fossil fuel combustion compared to the previous year. Luxembourg recorded the second biggest reduction in CO2 emissions among EU countries.
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Executive director's blog
30-07-2023
Hello from Abu Dhabi,
In this month’s newsletter, the LTIO for the Gulf would like to get back to the ICT Spring fair that took place in Luxembourg at the end of June, also this year with participat...
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Luxembourg’s passport remains one of the best in the world
21-07-2023
According to the most recent global ranking by the Henley Passport Index, the Grand Duchy of Luxembourg's passport remains one of the world's strongest with easy access to 189 destinations worldwide.
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Understanding the market: the number 1 success factor
17-07-2023
What is the main key to success for mobility innovators targeting Europe? Luxembourg smart mobility expert Joost Ortjens and Daphna Brunshtein-Frucht from the Luxembourg Trade & Investment Office in Tel Aviv speak about the importance of understanding the complex European market and investing in having people on the ground who can work together with multiple customers and optimise technology products to meet clients’ real needs.
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“A future-oriented strategy”
11-07-2023
Japan’s ambassador Tadahiro Matsubara took up his appointment in Luxembourg in October 2022 and has already gained a good insight into the Grand Duchy’s economy and business environment. We had the privilege of speaking to him about what Luxembourg can offer Japanese companies and about his experience of interacting with the local ecosystem.
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Luxembourg: International, connected, open for business
10-07-2023
A great number of international start-ups, supported by the Luxembourg Trade & Invest network abroad, benefitted from tech event ICT Spring 2023 to explore Luxembourg as their springboard to Europe. We spoke to some of them about their first impressions of the Grand Duchy and how they envisage their future in Europe.
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Enjoy the Luxembourg summer by bike
10-07-2023
Biking is one of the most popular sports in Luxembourg and an excellent means for discovering the beautiful landscapes and hidden gems to be found all over the country. Between 29 July and 27 August 2023, 12 different “Vëlosummer” routes covering more than 500 kilometres in 58 towns and villages will be available for cyclists to explore the country in complete safety.
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Infinite Reality announces ground-breaking metaverse innovation at Luxembourg tech event
04-07-2023
On 29 June 2023, John Acunto, CEO of global metaverse entertainment and innovation leader Infinite Reality announced a pioneering solution that will be released in the next few weeks: a tool that enables anyone to create their own metaverse. The announcement was made at tech event ICT Spring in Luxembourg, where the company is creating its hub for growing business across Europe.
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Luxembourg startups capture the attention of foreign delegations
03-07-2023
Delegates from around 15 countries met on 28 June 2023 with Luxembourg startups, incubators, investors, research and business institutions ahead of the ICT Spring conference. They also got an insider's view of what makes the Grand Duchy so appealing to international companies.
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10 start-ups graduated from Fit 4 Start #13 and calls are now open for Fit 4 Start #14
30-06-2023
The Graduate Showcase 2023 of the Fit 4 Start programme highlighted 10 start-ups. The calls are now open for Fit 4 Start #14.
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